{"id":18382,"date":"2021-08-11T06:48:00","date_gmt":"2021-08-11T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18382"},"modified":"2023-02-22T06:15:58","modified_gmt":"2023-02-22T11:15:58","slug":"swing-trading-stocks-081121","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-081121\/","title":{"rendered":"The Wagner Daily &#8211; Monitoring $TGH for Entry"},"content":{"rendered":"\n<p>(<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210811TGH.png\" alt=\"$TGH daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  August 10, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; buy mode (but cautious)&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/21000811watch.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210811open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210811closed2.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$KLAC sell stop triggered and we are out. Our re-entry also triggered and hit our stop an hour later. No luck in $KLAC. Both losses were very small.<\/li>\n\n\n\n<li>Per intraday alert, sold $SNAP due to the false breakout for a small scratch gain.<\/li>\n\n\n\n<li>Per intraday alert, ditched half of $SQ and all of $HUBS to reduce risk.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Tuesday&#8217;s action saw major rotation out of growth and into cyclicals. Some growth names could still be in play&nbsp;but any entries should be limited to pullbacks near a 20 or 50-day moving average after a 2-5 day shakeout.<\/p>\n\n\n\n<p>The model portfolio stopped out of $SNAP, $KLAC, $HUBS, and half of $SQ. With the exception of $SQ, losses were held to the -1% to -2% area, so not much damage was done.<\/p>\n\n\n\n<p>There is one new official setup for Wednesday&#8217;s session in $AA&nbsp;<\/p>\n\n\n\n<p>$AA reclaimed the 50ma on solid volume in late July and has rallied higher the past few weeks allowing the 10 and 20-day EMAs to cross above the 50-day MA. Tuesday&#8217;s advance through resistance around $42 was confirmed by a strong close on heavy volume. We have a buy stop in place looking to enter over the base high with a small add 2% higher.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210811AA.png\" alt=\"$AA daily\" title=\"\"><\/figure>\n\n\n\n<p>$TGH is not an official setup, but we are monitoring the action for an entry after last Friday&#8217;s heavy volume advance. Would like to see a few days of chop and possibly a touch of the 10-day EMA this week or next for a lower-risk entry.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210811TGH.png\" alt=\"$TGH daily\" title=\"\"><\/figure>\n\n\n\n<p>$LC bounced off support of prior resistance at $26 and finished the day with a higher close. Volume did not pick up. $LC could be in play on Wednesday morning if the price opens at or above Tuesday&#8217;s close and holds. Then a move through Tuesday&#8217;s high could serve as the buy entry with a protective stop beneath Wednesday&#8217;s low. This is not an official setup.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210811LC.png\" alt=\"$LC daily\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$SKX &#8211; buy at 54.55&nbsp;<\/li>\n\n\n\n<li>\u00a0$LC &#8211; buy at 28.03<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$TGH is not an official setup, but we are monitoring the action for an entry after last Friday&#8217;s heavy volume advance. Would like to see a few days of chop and possibly a touch of the 10-day EMA this week or next for a lower-risk entry.<\/p>\n","protected":false},"author":2,"featured_media":12060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[782],"tags":[],"class_list":["post-18382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wagner-daily-archives"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=18382"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18382\/revisions"}],"predecessor-version":[{"id":18386,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18382\/revisions\/18386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/12060"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=18382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}